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And too regarding rent, I believe there should be an elimination of percentage rent.
Why? Percentage rent is typically the potential return to the landlord for accepting a lower fixed rent from a potential tenant. The tenant gets a break up front, a lower fixed commitment and only pays percentage rent at a rate the business can afford based on how well the business is doing.
 
Why? Percentage rent is typically the potential return to the landlord for accepting a lower fixed rent from a potential tenant. The tenant gets a break up front, a lower fixed commitment and only pays percentage rent at a rate the business can afford based on how well the business is doing.
And yet there are many places that charge a high fixed rent and then they also charge a percentage rent too.
 
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Just saw the Rezoning sign up for this.

Hearing on July 2nd.

Going to be a nice little node around McK/Belgravia Station with this, Westrich’s project and Metro 78.
 
I mean what do we think will become of Westmount? It doesn't have the LRT connection that Bonnie Doon has to become a full TOD but it is connected to a transit centre. Any chance we could see some residential, or are we looking at more strip mall sorta fate similar to Capilano?

the actual mall part of Westmount Mall has been pretty dead for a while now lol, so this change makes sense from a business perspective imo. I personally think the site would be great for a mixed-use "town centre" type development with many different housing options (e.g. low-rise buildings, townhomes, cottage courts, etc.) and a very walkable pedestrian-scale environment. Even if the LRT isn't there... yet (my imaginary plans call for a line in the future ;)) it still has pretty great bus connections and, with some dedicated bus lanes on 111th ave, service could be upgraded nicely. The surrounding areas and amenities are pretty heckin great as well!
 
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listening to the radio this morning. Tenants were given 30 day s to vacate. It sounds like the units below the theater are experiencing leaking from above. May be more to this like structural issues.
 
listening to the radio this morning. Tenants were given 30 day s to vacate. It sounds like the units below the theater are experiencing leaking from above. May be more to this like structural issues.
Yes, I suspect this plan, if it can be called that, is being driven more by an unexpected problem that is expensive to resolve and this is the cheaper solution. If so, this is more ad hoc than a grand vision.
 
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Address: 8207 - 105 STREET NW
Planner Description: The City has received a rezoning application from Stantec Consulting Ltd. The current zone is a Direct Control Zone (DC.20476) and the proposed zone is a new Direct Control Zone (DC). The proposed DC Zone would allowfor a mid-rise mixed use building with the following characteristics: A) A maximum height of 34.0 m (approximately 9 - 11 storeys). B) A maximum floor area ratio of 5.5. C) Up to 473 square metres of commercial space at ground level. D) Up to 65 residential dwellings.
Status: In Review

File Number: LDA20-0216”

Do we know anything about this?

Between this, the Varsity, and the Hat that would be three significant projects with three blocks along 105 St and a lot more people living just off Whyte. 👀
 
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Address: 8207 - 105 STREET NW
Planner Description: The City has received a rezoning application from Stantec Consulting Ltd. The current zone is a Direct Control Zone (DC.20476) and the proposed zone is a new Direct Control Zone (DC). The proposed DC Zone would allowfor a mid-rise mixed use building with the following characteristics: A) A maximum height of 34.0 m (approximately 9 - 11 storeys). B) A maximum floor area ratio of 5.5. C) Up to 473 square metres of commercial space at ground level. D) Up to 65 residential dwellings.
Status: In Review

File Number: LDA20-0216”

Do we know anything about this?

Between this, the Varsity, and the Hat that would be three significant projects with three blocks along 105 St and a lot more people living just off Whyte. 👀
Possibly the return of The Baron by Wexford?

Stantec was the planning consultant originally on this project.

 
Correct me if I'm wrong -- 9-11 stories is very strange size, doesn't work with elevators and is taller than you can do with wood?
 
With an FAR of 5.5 it is more likely to be 7 storeys max. and with current Alta. code 7 would be doable with Concrete Main and wood above. Alta. should alter its code to allow Mass Timber, Glulam and CLT structures to go to at least 18 storeys, if not 26.
 

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